Asacha Media Group, the Paris-based production group founded last year by three former Endemol Shine and Zodiak executives, has acquired a majority stake in British production and distribution company WAG Entertainment for an undisclosed amount.WAG was established in 1998 and the company’s slate includes Science Channel’s What On Earth?, which is in production on its seventh season, Combat Dealers for Discovery’s Quest, and UKTV’s War Factories.As part of the deal, WAG CEO and founder Martin Durkin will step down at the end of 2021.
He will be replaced by COO Steven Green, who will become the firm’s managing director following a transition period.WAG’s most recent earnings showed it posted a profit of £7.7 million (£10.6M) in the 12 months
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